Banco BTG Pactual S.A. Has $1.08 Million Stock Holdings in S&P Global Inc. (NYSE:SPGI)

Banco BTG Pactual S.A. lifted its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 180.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,186 shares of the business services provider's stock after acquiring an additional 1,406 shares during the period. Banco BTG Pactual S.A.'s holdings in S&P Global were worth $1,083,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Nordea Investment Management AB grew its stake in S&P Global by 52.0% in the fourth quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider's stock valued at $328,632,000 after acquiring an additional 225,370 shares during the period. Sanctuary Advisors LLC grew its position in shares of S&P Global by 12.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider's stock valued at $14,198,000 after purchasing an additional 3,093 shares during the period. Eastern Bank increased its stake in S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider's stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Wealthfront Advisers LLC raised its holdings in S&P Global by 19.1% during the 4th quarter. Wealthfront Advisers LLC now owns 37,746 shares of the business services provider's stock worth $18,799,000 after buying an additional 6,051 shares during the period. Finally, Oddo BHF Asset Management Sas bought a new position in S&P Global in the third quarter valued at approximately $27,170,000. Institutional investors own 87.17% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SPGI shares. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 12th. Morgan Stanley lifted their price target on S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. UBS Group boosted their price target on S&P Global from $610.00 to $640.00 and gave the company a "buy" rating in a report on Tuesday, February 18th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Mizuho assumed coverage on S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $590.86.

S&P Global Stock Performance

Shares of S&P Global stock traded down $6.31 during trading on Friday, hitting $502.33. 1,140,449 shares of the stock were exchanged, compared to its average volume of 1,220,368. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average price of $515.20 and a 200-day moving average price of $510.14. The stock has a market capitalization of $157.65 billion, a price-to-earnings ratio of 40.67, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. S&P Global Inc. has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $3.13 EPS. As a group, equities analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.96 per share. This is an increase from S&P Global's previous quarterly dividend of $0.91. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.84 annualized dividend and a yield of 0.76%. S&P Global's dividend payout ratio (DPR) is currently 31.09%.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.